Biscayne Island home sells for $13.2M

A Biscayne Island home traded for $13.2 million, The Real Deal has learned.

Carlos Sanchez and Gloriamalia Freire Sanchez sold the 943 North Venetian Drive property in a transaction recorded on Friday, according to Miami-Dade County records. The couple paid $3.8 million for the six-bedroom, 9,200-square-foot house in March 2002. The waterfront home has seven bathrooms.

Marjorie Stone and Ricardo Rodriguez are the buyers. They received a $7.9 million mortgage from JPMorgan Chase Bank for the purchase.